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Tuesday, June 3, 2014

$18.5MM Construction Loan Closed on a Mixed Use Project...

Who says no one is making commercial construction loans these days? We just closed an $18.5 million commercial construction loan on a mixed use project in Monona, Wisconsin.

mixed-use property combines residential income units (usually apartments) with commercial space (usually, but not always, retail).  Mixed-use is not the same as mixed-commercial. 

mixed-commercial property is one that mixes two different classes of commercial property, like offices over ground-floor retail or retail in front of self-storage units.

We have closed over 1,000 different commercial real estate loans totaling over $1 billion.

Commercial construction lending is poised to come roaring back, as new commercial construction was almost non-existent during the Great Recession.  

If you need a large commercial construction loan (or a small one) - or any type of commercial real estate loan - please tap here now.

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